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Divergence in Western Sanctions on Russian Oligarchs Challenges Compliance Efforts: Sources

By Koos Couvée

Global lenders must navigate substantive and technical differences in the blacklistings, licenses and other requirements that Western officials have implemented as part of far-reaching sanctions on politically-connected Russian billionaires over their nation's invasion of Ukraine, sources told ACAMS moneylaundering.com. Since the Kremlin ordered ground forces into Ukraine on Feb. 24, officials from the EU, U.K. and U.S. have imposed broadly similar restrictions on Russia's central bank, state-owned and private lenders, defense firms, oligarchs and many other targets, repeatedly stressing the need to closely coordinate adoption and enforcement of the measures. On closer inspection, however, sanctions against Russian tycoons with alleged...

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